Grain futures got a surprise end to August rally Thursday and that positive momentum has spilled over into September, at least so far in the overnight session. End-of-month position square by bearish fund managers combined with bargain hunting helped lift markets yesterday, supported by good export sales numbers across the board. Before traders leave for the long Labor Day week they’ll digest a cool, dry forecast as well as the latest jobs numbers.

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Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. He also produces regular outlook reports on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs.